12.17.2008

On the Bank Crisis - March 12,1933


We had a bad banking situation. Some of our bankers had shown themselves either incompetent or dishonest in their handling of the people's funds. They had used the money entrusted to them in speculations and unwise loans.

[From On the Bank Crisis - March 12,1933 ]

--F.D.R.


(Fireside chats from the Franklin D. Roosevelt Presidential Library and Museum)



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